Create a normal title in CS6 and lay it on Track 2 of the timeline. Duplicate the title onto Track 1 and align it with Track 2 title. Go to Video Filters > Distort and choose an effect (or change the scale, opacity, color or anything else, depending on the effect you want).
Now just cut some thin slices out of the Track 2 title where you want the distortion to "show through".
